Uruguay: Cork Article Market 2025

Cork Article Market Size in Uruguay

The Uruguayan cork article market reached $X in 2021, rising by 7.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.1% against 2014 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Cork Article Exports

Exports from Uruguay

In 2021, exports of cork articles from Uruguay shrank dramatically to X kg, with a decrease of -48.9% on the previous year. Over the period under review, exports, however, showed measured growth. The pace of growth appeared the most rapid in 2020 when exports increased by 9,756%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, cork article exports amounted to $X in 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 6,275%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X kg) was the main destination for cork article exports from Uruguay, with a 98% share of total exports. It was followed by Chile (X kg), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal was relatively modest.

In value terms, Portugal ($X) emerged as the key foreign market for cork articles exports from Uruguay, comprising 99% of total exports. The second position in the ranking was taken by Chile ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Portugal was relatively modest.

Export Prices by Country

The average cork article export price stood at $X per ton in 2021, growing by 106% against the previous year. Over the period under review, the export price saw strong growth. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+12.1%).

Cork Article Imports

Imports into Uruguay

In 2021, approx. X tons of cork articles were imported into Uruguay; growing by 5.7% on 2020. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.8% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by 28%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, cork article imports rose rapidly to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.0% against 2013 indices. The pace of growth was the most pronounced in 2017 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Chile (X tons), Hong Kong SAR (X tons) and Portugal (X tons) were the main suppliers of cork article imports to Uruguay, together accounting for 71% of total imports. These countries were followed by Spain, China and Brazil, which together accounted for a further 7.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Portugal ($X) and Spain ($X) appeared to be the largest cork article suppliers to Uruguay, together accounting for 73% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +23.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cork article import price amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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